Cryptopia to Provide New Info Regarding Compensations

The exchange isn't going to refund deposits, sent more than 24 hours after the security breach
25 March 2019   880

The New Zealand cryptocurrency exchange Cryptopia provided additional information regarding the procedure for paying compensation to users who suffered from a hacker attack in January.

According to today's announcement, users who have made deposits to their addresses more than 24 hours after the company reported the incident, that is, after 16/01/2019 12:00AM NZT , will not be able to claim payment in accordance with the previously announced plan.

The Exchange also draws attention to the fact that it currently does not have a specific deadline for returning assets to users to whom such payments are due. Cryptopia addresses are still not available for deposits, so users shouldn't try to transfer funds to them until further notice. After the renewal of deposits, clients of the exchange will need to regenerate the purse addresses for each of the supported cryptocurrencies.

As analysts noted, the funds withdrawal continued even after the official announcement and the start of a police investigation.

Liquid Exchange to Announce Refund to GRAM Investors

Exchange returned funds in accordance with the terms of the sale, since the main TON network was not launched by October 31, 2019
16 January 2020   104

Liquid cryptocurrency exchange canceled the sale of rights to Gram tokens and announced that it would return all funds to investors.

In a message, the exchange indicates that it is obliged to return all funds in accordance with the terms of the sale, since the main Telegram Open Network (TON) network was not launched by October 31, 2019 due to a conflict with the U.S. Securities and Exchange Commission ( SEC).